Amid chaos from steel tariffs, the European Commission plans to tighten steel import quotas on April 1 over fears of dumping on the bloc. Those fears primarily stem from U.S. President Donald Trump’s implementation of 25% duties on all steel and aluminum imports into the United States, which came into effect in early March. The […]
Category: Ferrous Metals
Automotive MMI: New 25% Automotive Tariffs in Effect, How is the Market Responding?
The Automotive MMI (Monthly Metals Index) rose by 4.33% month-over-month. With the 25% Trump tariffs now in effect, the market could be in for a bumpy ride. New Wave of Trump Tariffs Hit The Trump Administration implemented two sweeping trade actions, collectively known as the “Trump Tariffs,” that are reverberating across U.S. industries. First came […]
Raw Steels MMI: Steel Prices Level Off, Lead Times Shrink
The Raw Steels Monthly Metals Index (MMI) returned to the downside. Overall, the index witnessed a modest 0.75% decline from March to April. Steel Prices Find Peaks as Reciprocal Tariffs Spare Steel Steel prices either found a peak or began to stabilize by the start of April. As of April 4, hot rolled coil prices […]
British Steel to Start Consultations on Closing Blast Furnaces
Steel Industry leader British Steel is set to start consultations on permanently blowing down the operating blast furnaces at Scunthorpe. The move comes after the company failed to reach an agreement with the UK government on financial aid for conversion to green steelmaking. “Since 2020, the shareholder of British Steel, Jingye, has invested more than […]
Historical Price Trends for Industrial Metals Over the Past Decade
Over the last ten years, industrial metal prices have gone on a wild ride, rising, falling and rising again, thanks to everything from global economic swings to supply chain hiccups and geopolitical drama. If you’re in manufacturing, investing, or policy, keeping tabs on these price trends isn’t just helpful, it’s essential. Steel Historical Price Trends […]
Fire Erupts at Salzgitter Plant: Hot Rolled Coil Production Grinds to a Halt
German flats producer Salzgitter recently announced a force majeure on hot rolled strip following a fire at its Lower Saxony site. A March 4 letter to steel industry customers indicated that a fire resulted in the suspension of production at the company’s hot strip mill. According to reports circulating in German media, a restart of […]
Raw Steels MMI: When Will Steel Prices Peak?
Rising steel prices saw the Raw Steels Monthly Metals Index (MMI) jump by 5.59% from February to March. Steel Prices Surge on Tariff News As of mid-March, steel prices remained decidedly bullish and in search of a new peak as U.S. tariffs set the market on fire. Hot rolled coil prices hit their highest level […]
China Slams the Brakes on Steel: What This Means for Global Markets
It was an intervention that was the subject of rumors, and now it’s coming true. China, the world’s largest steelmaker and consumer, recently announced it would be “restructuring” its steel industry through cuts in crude steel output, a move many analysts and experts call China “protecting its own turf.” Stay up to date on changes […]
Renewables MMI: Tariffs & Renewable Energy Rollbacks—Trump’s Plan for U.S. Energy
The Renewables MMI (Monthly Metals Index) moved sideways month over month, increasing a slight 1.86%. Meanwhile, renewable energy projects could face some challenges from a combination of tariffs and changing Federal policies. Trump Administration’s Energy Policies Reshape the Renewable Sector Since taking power in January, the Trump administration has reshaped the U.S. renewable energy landscape […]
From Ukraine to Italy: Metinvest’s New Steel Mill, New Era for Steel Industry?
In what will likely be a boon to the Italian steel industry, Ukrainian metals and mining group Metinvest and an Italian equipment provider operating under the name Metinvest Adria recently signed an agreement to construct a new steel plant at the port city Piombino, in western Italy. Metinvest stated that the two parties signed the […]
